Economic Evaluation of Investment in the Horse R, D&E Program

  • 71 pages

  • Published: 24 Feb 2011

  • Author(s): Chudleigh, Peter, Simpson, Sarah

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This RIRDC report presents the results of economic analyses of three clusters of investments within the Horse R,D&E Program.
The projects evaluated demonstrated a wide range of predominantly economic benefits, a number of which were quantified in value terms. Funding for the three clusters of projects analysed totalled $1.07 million (present value terms) and produced aggregate total benefits of $3.85 million (present value terms). The Horse R,D&E Program share of the total investment was 38%. The analyses found all three investments provided positive returns with Benefit-Cost Ratios ranging from 1.8 to 6.2.
The information contained in the report is targeted at Program and RIRDC management, those within the horse industry, and the wider community. Another target audience is the Australian Government and Council of Rural Research and Development Corporations (CRRDC).